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Nov 17, 2012
11/12
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it's an employer's market with 3.4 unemployed americans for job opening in the u.s. so to get a job, you've got to be exceptional. our colleagues at cnn money have a gallery featuring how some folks are getting hired. jason russell of atlanta sharpened his entrepreneurial skills after he was laid off from an i.t. job. he co-founded a mobile application company and he credits that with helping him land a new job as a sales engineer. volunteering can also help. greg was looking for a teaching job -- for three years. he says volunteering with local high school theatre students helped him build connections in his resume. he just landed a part-time teaching gig. of course, get more education or training. after a divorce, susan of highland park, illinois, went back to school to finish her degree in humanities. she graduated in june. by august, she was work as a bank teller. by the way, if you're thinking of going back to school, consider health care. as our population ages, jobs in this industry are exploding. 296,000 jobs have been created in health care over the past yea
it's an employer's market with 3.4 unemployed americans for job opening in the u.s. so to get a job, you've got to be exceptional. our colleagues at cnn money have a gallery featuring how some folks are getting hired. jason russell of atlanta sharpened his entrepreneurial skills after he was laid off from an i.t. job. he co-founded a mobile application company and he credits that with helping him land a new job as a sales engineer. volunteering can also help. greg was looking for a teaching job...
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Nov 26, 2012
11/12
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we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you for joining us, stewart. a pleasure. >>. >> 12 minutes before the closing bell. right now the dow jones industrial average is lower by 54 points. nasdaq higher by 70 point. >> violent protests in egypt are one of the ma
we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic...
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Nov 27, 2012
11/12
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i look at buffett as asavvy businessman and one who would not put a dime toward the u.s. government if he had a choice with regards to a buyout because certainly is not a great balance sheets they carry. it just doesn't make a lot of sense for me to say, if you're going to rase the barriers to entry, change the overa landscape of something like raising taxes on investments, why you don't think that would discourage investors. to me, if you like history and see when taxes have gone up, you always see a negative effect. look at gdp alone. when the cuts from bush came through, gdp went up by almost 2 percent on average per quarter. before the cuts it was lower. that's something he needs to look at. melissa: it just seems so logical that if you take a dollar out of an investor sand, that impacts is behavior. >> i tnk that it is important to look at what people do rather than what they say so that we don't end up action -- accidentally inflating initiative posiion. what we do that markets 76 is monitor 2,000 advisers who are looking at about 70 billion worth of assets under ma
i look at buffett as asavvy businessman and one who would not put a dime toward the u.s. government if he had a choice with regards to a buyout because certainly is not a great balance sheets they carry. it just doesn't make a lot of sense for me to say, if you're going to rase the barriers to entry, change the overa landscape of something like raising taxes on investments, why you don't think that would discourage investors. to me, if you like history and see when taxes have gone up, you...
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Nov 28, 2012
11/12
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but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's liquidation given the battles between management and the unions. some of this is -- >> they think there's going to be retaliatory moves to say forget -- >> and that they're going to line their pockets and, you know, on the way out. they, of course, are creditors as is so many others. >> we don't have any twinkies. >> no, you don't. >> we ate them all? >> those were already gone. we have devil dogs, funny bones, we have other ones, ring dings. >> ho hos. >> lemon cupcakes. >> while we're talking of ho-hos, quick check of t
but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's...
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Nov 26, 2012
11/12
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eye 256
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it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates their lawyers in court all the time about all of these issues, he's had it and wants to bring this issue to a head now. she has said no way, federal court. >> they claim they're going to appeal, it will be difficult to get an appeal. december 15th will be extremely interesting to see what happens. this story keeps on giving. christi christina kirchner was worried because they've seized a vessel in the port of ghana recently. we'll see what finally happens when it finally gets done. >> steve you have any thoughts on how that might affect more broad
it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates...
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Nov 27, 2012
11/12
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in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holiday recess with now just 35 days to go. are we any closer to a tax and fiscal cliff fix? cnbc's own chief washington correspondent john harwood joins us now with all the details. good evening, john. >> reporter: good evening, laurie, and i think we are getting somewhat closer, and the white house would count it as good news that you found common cause with their report on the impact of fiscal spending. let's talk for a moment about what's happened on the fiscal cliff by the numbers since that early constructive meeting with the congressional leaders and the president. the numbers are all one. there's one month left for these leaders to figure it out. two, 1.4 it is is the amount to be shaved off by gdp and one is the amount of trillions of dollars that democratic
in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holiday recess with now just 35 days to go. are we any closer to a tax and fiscal cliff fix? cnbc's own chief washington correspondent john harwood joins us now with all the...
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Nov 28, 2012
11/12
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> i largely think that this is the part of that the leveraging process, moving to a point where the u.s. government is, to get more fiscally sound. and so obviously last year was a much more heated argument with our cogress around the debt ceiling debate. obviously the tea party. they put in the sequester cuts, and now is the fiscal cliff. now, i think globally it i largely viewed as something that would be pretty to crony in. the comments, the monetary policy is not something that can offset it. it will probably put this into a recession. i don't think you're going to see a grand bargain, but i think you will see steps to start the have a down payment of working our way into facing. gerri: a short-term resolution, maybe. let's at least get past the deline. maybe then we move into abigger discussion of real tax reform and intel now reform. is tat something that somebody in your position with favre? >> i think tt stcturally we need to see reforms on the spending as well as the tax side i don't think you will see that of the the next four weeks, but you will start to see that and you will
> i largely think that this is the part of that the leveraging process, moving to a point where the u.s. government is, to get more fiscally sound. and so obviously last year was a much more heated argument with our cogress around the debt ceiling debate. obviously the tea party. they put in the sequester cuts, and now is the fiscal cliff. now, i think globally it i largely viewed as something that would be pretty to crony in. the comments, the monetary policy is not something that can...
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Nov 27, 2012
11/12
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customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the call? is he returning our calls? yeah, call me. judge denied a similar request in february. and while corzine has stepped down, some executives remain at the company and they're assisting in its wind down. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devast
customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the...
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Nov 19, 2012
11/12
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i think the u.s. come to the bargain basement at the present time and with interest rates so very low, all-time record lows do you think the elimination of the mortgage deduction would have a significant impact on prices? >> i really don't. >> we have a short term impact on the lower price points. at the end of the day when we cut through all of the clutter, people need shelter, some form of shelter to that end, they can buy a home or they can rent, and i think there's people in america, whatever the price point, would prefer to rent, would prefer to purchase versus rent and i don't think they're looking first and foremost at the tax deduction as the key driver. >> ron, steve forbes here. what do you hear about how hard it is to get a mortgage, even though rates are low, and also what's happening in the jumbo mortgage market? in terms of availability of credit. >> you know, that's the real problem, if we look at what are the key issues that are really limiting housing purchases today, is the financial
i think the u.s. come to the bargain basement at the present time and with interest rates so very low, all-time record lows do you think the elimination of the mortgage deduction would have a significant impact on prices? >> i really don't. >> we have a short term impact on the lower price points. at the end of the day when we cut through all of the clutter, people need shelter, some form of shelter to that end, they can buy a home or they can rent, and i think there's people in...
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Nov 28, 2012
11/12
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mostly watching dallas fed president fisher who is going to talk about the fiscal challenges in the u.s. and abroad. you look at yesterday, harry reid opens his mouth, no deal done and market falls 80, today boehner comes out saying that tax revenue is on the table and here we are up 100 points. i'll be buying good quality growth companies that any fallback from the fiscal cliff and i'm going to be buying. >> your 30 seconds starts now. >> yeah, well, today the s&p 500 tested the 200-day moving average. as we close out the month of november. we've seen relative strength in small cap stocks over large cap stocks. we're looking for that relationship to hold up, as well. and tomorrow we'll be looking at the growth number, which of course, consensus will expect an increase. we don't think it'll be a game changer because of the head winds such as the fiscal cliff, but we think it'll contribute to optimism about the economy. >> you're in a
mostly watching dallas fed president fisher who is going to talk about the fiscal challenges in the u.s. and abroad. you look at yesterday, harry reid opens his mouth, no deal done and market falls 80, today boehner comes out saying that tax revenue is on the table and here we are up 100 points. i'll be buying good quality growth companies that any fallback from the fiscal cliff and i'm going to be buying. >> your 30 seconds starts now. >> yeah, well, today the s&p 500 tested...
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Nov 29, 2012
11/12
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u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business context, i would say a deal would be in reach. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch.
u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy...
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Nov 12, 2012
11/12
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in france you pay $38 u.s. annika worldwide calling to 70 countries come not just the u.s. and canada. worldwide television, not just domestic. 10 times faster downloading and your painless and 25 cents on the dollar. all this other countries under and the fundamental principle in the chronology rather the key to economic growth of industrialization came along and you had to move heavy things like steel. the 20 century came along. it was interstate highway programs and airports that are crucial to economic growth. now it's the information superhighway. the rest of the world is getting the information is deeper highway. as literally told by the chief pr person at ricin that was the phrase i'm not really used anymore. assume the company actually has fiber-optic to your home. but the companies are not wired the whole country. universal access, really high-speed internet lead to a even imagine what they are. if you build it, they will come. we are going to be left in the dust economically. and then these companies but to the state legislatures and they got all the subtle change
in france you pay $38 u.s. annika worldwide calling to 70 countries come not just the u.s. and canada. worldwide television, not just domestic. 10 times faster downloading and your painless and 25 cents on the dollar. all this other countries under and the fundamental principle in the chronology rather the key to economic growth of industrialization came along and you had to move heavy things like steel. the 20 century came along. it was interstate highway programs and airports that are crucial...
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Nov 26, 2012
11/12
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eye 99
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you are getting this website intrade, u.s. customers must close their account and withdraw funds from the site by december 31. before the year's end. citizens have to exit the site intrade. also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we saw the rising cost of oil. david: we're about to see a lot of activity. also expected to see, for example, cases in which people who have been giving out dividends thinking of increasing dividends are buying back their stock instead because the tax penalty for that is a lot less than what it could be. liz: you are seeing the stock altered, shares end
you are getting this website intrade, u.s. customers must close their account and withdraw funds from the site by december 31. before the year's end. citizens have to exit the site intrade. also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement...
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Nov 13, 2012
11/12
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CNBC
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eye 47
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strength in all u.s. regions. they say pro contractor business is up, but this does not include superstorm sandy impact, which hit on the first day of its fourth quarter. by comparison, hurricane irene last year boost sales by $360 million over two quarters, and makes for very tough comps in the northeast. so we'll see what to expect ahead as people start to rebuild. >> indeed. bertha, thanks so much. josh brown, this is about housing and the housing recovery. >> yeah, this has been the most obviously way to play. not just housing and home building, but actually all the foreclosures that have now become rental units. the first thing people do when they take one of these from the banks is spend $50,000, $60,000 to fix them up. so home depot is really strong, but i will tell you, i think lowe's is a more compelling opportunity. the stock broke out in the last week of october. it is in the process of retesting that breakout around 32. this name has done nothing versus home depot's huge last 18 months. and i think it'
strength in all u.s. regions. they say pro contractor business is up, but this does not include superstorm sandy impact, which hit on the first day of its fourth quarter. by comparison, hurricane irene last year boost sales by $360 million over two quarters, and makes for very tough comps in the northeast. so we'll see what to expect ahead as people start to rebuild. >> indeed. bertha, thanks so much. josh brown, this is about housing and the housing recovery. >> yeah, this has been...
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Nov 26, 2012
11/12
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also looking into terms of u.s. economic data from durable goods to what happens with the gdp data on thursday. then we have at the end of the week china's official pmi data. all of that will be very important for the gold price as we also continue to talk about the fiscal cliff. a lot of traders see bullish momentum in gold because of that. barclays saying we could see $1,810 for the gold price in the fourth quarter. as far as the other metals, we are looking at a mixed picture. copper will be key as well to see if the gains we've seen over the two weeks continue. back to you. >>> we're on the downside here on the floor of the nyse. mary thompson joins me, although we're off of our worst levels of the day. some improvements. >> it's not really a surprise we're down today because traders said coming in to this we looked a little overbought, we had such a big move in the markets on frooird. basically we're seeing today techs pick up where they left off on friday, meaning they're one of the better performing sectors.
also looking into terms of u.s. economic data from durable goods to what happens with the gdp data on thursday. then we have at the end of the week china's official pmi data. all of that will be very important for the gold price as we also continue to talk about the fiscal cliff. a lot of traders see bullish momentum in gold because of that. barclays saying we could see $1,810 for the gold price in the fourth quarter. as far as the other metals, we are looking at a mixed picture. copper will be...
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Nov 12, 2012
11/12
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in the u.s. we have an oligopoly that charge high prices and i show how they tell the government believed with a tightly competitive government and recorded conversations that i quote we've got this fixed and we know how to rationalize the market with competition we're pushing our competitors to raise prices how did we raise taxes and cut prices? we have about eight different garbage companies and every day of the week a smelly diesel truck would come down and there would be a trash can on the street. we created a district that we went to the competitive bid and got the lowest price one day a week every single house on the street and my bill for garbage collection went from above $600 a year down to less than half of that so i have more money in my pockets. makes you richer if it depends on how the money is spent but it can also sometimes sneaky wealthier. we took action to create this district. my neighbors did the hard work to make this happen. >> host: one of your solutions a view to the chapt
in the u.s. we have an oligopoly that charge high prices and i show how they tell the government believed with a tightly competitive government and recorded conversations that i quote we've got this fixed and we know how to rationalize the market with competition we're pushing our competitors to raise prices how did we raise taxes and cut prices? we have about eight different garbage companies and every day of the week a smelly diesel truck would come down and there would be a trash can on the...
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Nov 19, 2012
11/12
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u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks con
u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low...
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Nov 27, 2012
11/12
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impact of these kinds of breaks and researchers fond that the danishtax rates, which is similar to the u.s., increased retirement savings, but that for every dollars that workers put into government incentives, they reduce the savings outside of plans that do not have government help by almost the same amount. so almost no increase in retirement savings. >> so those would be taxable accounts? obviously, they are saying what is my taxable account look like. let me ask you this. >> yes, pretax versus postdocs. cheryl: you know washington so well are there different types of loopholes -- mortgage deduction loopholes, four o. one kays are now? think of those will be the real deal? >> do think those will be the types that will be truly the final deal that we get instead of the overall arching, everyone gets taxes raised? >> yes, i think they will probably end up with a mix of limits on tax deductions. with some tax increases. but i think that those making over 250,000, those families are going to bear the brunt of all this. i know that everybody enjoys their mortgage deduction. peter barnes, th
impact of these kinds of breaks and researchers fond that the danishtax rates, which is similar to the u.s., increased retirement savings, but that for every dollars that workers put into government incentives, they reduce the savings outside of plans that do not have government help by almost the same amount. so almost no increase in retirement savings. >> so those would be taxable accounts? obviously, they are saying what is my taxable account look like. let me ask you this. >>...
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Nov 26, 2012
11/12
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john engler, president of the u.s. roundtable is also at the white house. but the most important thing that's happened so far pending any agreement on details is that republicans are beginning to crack in their absolute opposition to increases in tax revenue. not tax rates but revenue. here's two senators in interviews over the last two days. >> i agree we shouldn't raise rates but i think grover is wrong whether it comes to we can't cap deductions and buy down debt. what do you do with the money? i want to buy down debt and cut rates to create jobs but i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> i'm not obligated on the pledge. i made tennesseens aware. i was just elected. i made aware the only thing i'm honoring is the oath i take when i'm sworn in this january. >> both of these senators are saying they aren't going to be browned by grover norquist from americans for tax reform. this is an issue bigger than norquist. the republican party has positioned itself as the smaller gov
john engler, president of the u.s. roundtable is also at the white house. but the most important thing that's happened so far pending any agreement on details is that republicans are beginning to crack in their absolute opposition to increases in tax revenue. not tax rates but revenue. here's two senators in interviews over the last two days. >> i agree we shouldn't raise rates but i think grover is wrong whether it comes to we can't cap deductions and buy down debt. what do you do with...
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Nov 14, 2012
11/12
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FBC
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there are 25 million s corpse in the u.s. about two million at that $250,000 threshold hit by these new tax hikes. who is there to speak to the small business community? >> well, i would say, even if you take a look at the big business community that was in there today, we weren't just talking for ourselves. i know there is tendency to look at it, go, big company, ceo,. let's see we'll look that up in the dictionary. this is how they behave. this is what they're interested in. the at end of the day the thing that benefits all of us if the economy does well. no idea how many times the subject of competitiveness of the united states came up for our presence in the world. that came up constantly in discussion today. and discussion about suppliers and small companies, what we need to make sure we do so consumers feel like they have a part of the system. small business is taken care of. that big business is competitive in the world. there is a broader agenda here for the 12 people who were in there and for our fix the debt organiz
there are 25 million s corpse in the u.s. about two million at that $250,000 threshold hit by these new tax hikes. who is there to speak to the small business community? >> well, i would say, even if you take a look at the big business community that was in there today, we weren't just talking for ourselves. i know there is tendency to look at it, go, big company, ceo,. let's see we'll look that up in the dictionary. this is how they behave. this is what they're interested in. the at end...
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Nov 18, 2012
11/12
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now, the u.s. and the eu trade $700 billion in goods and services a year, making it the world's biggest trading relationship. what's more, that financial crisis in europe has resulted in an economic slowdown in asia which takes us to another foreign policy challenge, which is schin. trade between the two largest economies grew to $531 billion in 2011, but economic output has fallen to just 7%. when u.s. firms like gm and caterpillar are expanding their presence there. president obama will need to me understand relations with the new leadership emerging in beijing, that with a wave of china bashing in the election campaign in which americans accuse china of stealing more jobs through currency manipulation or outright theft of intellectual property. closer to home, the president will have to address ties with its immediate neighbors. last year they blocked an extension to the keystone excel pipeline that would help deliver oil from the tar sands, the oil sands. highly controversial but productive san
now, the u.s. and the eu trade $700 billion in goods and services a year, making it the world's biggest trading relationship. what's more, that financial crisis in europe has resulted in an economic slowdown in asia which takes us to another foreign policy challenge, which is schin. trade between the two largest economies grew to $531 billion in 2011, but economic output has fallen to just 7%. when u.s. firms like gm and caterpillar are expanding their presence there. president obama will need...
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low i mean i understand that eventually people may not want u.s. debt u.s. government debt but that day seems far away look in a yield like that we don't know how far away that day is it's a mania i mean it's crazy that's what it is in fact the united states is borrowing today at a much lower rate that it borrowed ten twenty thirty years ago despite the fact that it's far less credit worthy than we were ten twenty thirty years ago you know we were a better risk that then yet it cost us more to borrow you know it's just like the mentality around the internet bubble around the the real estate bubble fundamental you can't look for an explanation it's your rational right irrational exuberance it is a mania it is a bubble but clearly argued that also if the us wasn't buying treasuries that the fed wasn't involved in the bond market that bond yields would actually be lower. no that's impossible the fed the fed is the biggest buyer of u.s. treasuries so if the biggest buyer wasn't there you wouldn't have prices going up but let me explain let me explain let me give
low i mean i understand that eventually people may not want u.s. debt u.s. government debt but that day seems far away look in a yield like that we don't know how far away that day is it's a mania i mean it's crazy that's what it is in fact the united states is borrowing today at a much lower rate that it borrowed ten twenty thirty years ago despite the fact that it's far less credit worthy than we were ten twenty thirty years ago you know we were a better risk that then yet it cost us more to...
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peter look at the u.s. is borrowing costs i mean you hear all throw up a chart of ten year treasury yields i mean we've just seen them really decline so why despite the u.s. has continued borrowing despite the downgrade of the u.s. credit rating last summer i mean how do you explain that treasury yields are so low i mean i understand that eventually people may not want us debt u.s. government debt but that day seems far away look at a yield like that we don't know how far away that day is it's a mania i mean it's crazy that's what it is in fact the united states is borrowing today at a much lower rate that it borrowed ten twenty thirty years ago despite the fact that it's far less credit worthy than we were ten twenty thirty years ago you know we were a better risk back then yet it cost us more to borrow you know it's just like the mentality around the internet bubble around the real estate bubble fundamental you can't look for an explanation it's your rational irrational exuberance it is a mania it is a bu
peter look at the u.s. is borrowing costs i mean you hear all throw up a chart of ten year treasury yields i mean we've just seen them really decline so why despite the u.s. has continued borrowing despite the downgrade of the u.s. credit rating last summer i mean how do you explain that treasury yields are so low i mean i understand that eventually people may not want us debt u.s. government debt but that day seems far away look at a yield like that we don't know how far away that day is it's...
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the u.s. is being major point of resistance for unionize ation wal-mart and it looks as if the tell you that shifting at this point all right one more question before i do i just want to emphasize to watchers of the show fans of the kaiser report strike that that is a fantastic global campaign where the economies of scale are being tipped in favor of those fighting against the bank and the terrorist the financial terrorists and if anyone can support this campaign please look it up on the web strike that debt and get that his numbers up too many many many times and they already are because this is one of the most brilliant campaigns i've seen over the past three years now finally andrew ross you write about life and work and precious times or as you say precarious times most of the job. laws during the financial crisis were well paid with benefits while most jobs gained during the so-called recovery have been in the low paid and precarious sort if you speak on that we have about thirty seconds
the u.s. is being major point of resistance for unionize ation wal-mart and it looks as if the tell you that shifting at this point all right one more question before i do i just want to emphasize to watchers of the show fans of the kaiser report strike that that is a fantastic global campaign where the economies of scale are being tipped in favor of those fighting against the bank and the terrorist the financial terrorists and if anyone can support this campaign please look it up on the web...
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Nov 29, 2012
11/12
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FBC
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we put that up on the screen but the u.s. is responsible for 17% of the fund and what goes on there. 17% of that money in theory is coming from us. do you really think someone here in the u.s., president obama hasn't been very tough on these things. do you really see him standing up saying you know what? we're out? >> he has to listen to the american people. i can't believe in looking at national security, and looking at the evolution of who our real friend are in the middle east and egyptian people would stand to allow our president to remain silent as he has. has been silent. it is not right time to stay silent. all it is words for the imf. spokesperson for the imf said they're looking for assurances that eu and united states will stand behind these loans. if they don't get it on meeting on december 199h, i think they pull out of it. liz: yeah. >> that would be one of the ways to out of morsi and get real change for liberals the ones marching in egypt, not the thugs and theocrats running the government now. liz: real quick
we put that up on the screen but the u.s. is responsible for 17% of the fund and what goes on there. 17% of that money in theory is coming from us. do you really think someone here in the u.s., president obama hasn't been very tough on these things. do you really see him standing up saying you know what? we're out? >> he has to listen to the american people. i can't believe in looking at national security, and looking at the evolution of who our real friend are in the middle east and...
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better than expected u.s. jobs data and passage of a greek austerity bill helped push crude up .8 of a percent. gas rationing is imposed in new york city, i don't like that as well as long island. cars with license plates ending with odd number can buy gas on odd numbered days. even numbered license plates on even numbered days. mine ends with a letter. i'm going to the front of the line. the move is designed to relief crippling shortages. new jersey imposed a gas rationing stem last week. went over like a lead balloon. >>> bp lawyers and gulf oil victims asked a judge to approve a $7.8 billion settlement. it would be used to resolve damage claims and individuals affected by the 2010 disaster. >> next on "money", ceo's extend an olive branch to president obama. it may be too soon to tell if they can finally come together to revive the economy. we'll get insight from our panel of business chiefs. sure there may be a few things getting you down. i mean, you know, there is the fiscal cliff looming, political grid
better than expected u.s. jobs data and passage of a greek austerity bill helped push crude up .8 of a percent. gas rationing is imposed in new york city, i don't like that as well as long island. cars with license plates ending with odd number can buy gas on odd numbered days. even numbered license plates on even numbered days. mine ends with a letter. i'm going to the front of the line. the move is designed to relief crippling shortages. new jersey imposed a gas rationing stem last week. went...
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Nov 27, 2012
11/12
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next month, the u.s. will face another crisis that will test the ability of politicians to get things done. barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things headed that way? but i think eventually they will. the good news -- >> i think eventually they will. the good news is that it is more like a fiscal beach. it is not like the debt ceiling. it is not a sudden that situation. there is a bit more flexibility. but one of the issues emerging is what the attitude of richer americans will be and whether they will accept the need to pay higher taxes. you probably read
next month, the u.s. will face another crisis that will test the ability of politicians to get things done. barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets...
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Nov 27, 2012
11/12
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FOXNEWSW
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an antimuslim film for fueling a spontaneous demonstration and not a planned trust attack, that left u.s. ambassador chris stevens and three our americans dead and today the senators are demanding answers and arizona republican senator john mccain who was at meeting, senator, you didn't seem to get a lot out of that. >>guest: no, i did not. i thought you were the sexiest man alive. >>neil: i was annoyed by that, i was encouraged that he is a bit chunky. this could be paving the way, but enough about me. >>guest: maybe you were separated at birth. >>neil: this is going to be a tough interview, senator. it could have been nice but you went the other way. the frustration, she called for the meeting, right? >>guest: yes. >>neil: to talk to the republican leaders and it seemed to boomerang. what happened? >>guest: well, some of the answers were hard to understand and some of the information she had access to, clearly, they contradicted the statement that she made and, by the way, today, after all this time, she issued a statement and in that statement she said she had given false information
an antimuslim film for fueling a spontaneous demonstration and not a planned trust attack, that left u.s. ambassador chris stevens and three our americans dead and today the senators are demanding answers and arizona republican senator john mccain who was at meeting, senator, you didn't seem to get a lot out of that. >>guest: no, i did not. i thought you were the sexiest man alive. >>neil: i was annoyed by that, i was encouraged that he is a bit chunky. this could be paving the way,...
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Nov 27, 2012
11/12
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u.s. ambassador susan rice hopes to put that controversy to rest. if she is successful, it would remove the largest political hurdle to her nomination as secretary of state. rice is meeting right now behind closed doors with three of her most vocal critics, republican senator john mccain, kelly ayotte and lindsey graham talking behind closed doors to discuss classified material. the acting director of the cia, mike morel, is helping her answer questions and will accompany her to other meetings on the hill this week. an aide to mccain tells cbs news that rice requested this meeting last week and it could be decisive. if she answers mccain's questions to his satisfaction, he says he would support her nomination. >> margaret, what do you think those questions will be from the senators that they want answered? >> reporter: charlie, there are a lot of them. specifically senator mccain has said he wants ambassador rice to explain why she did not mention that within 24 hours of the assault in benghazi that the intelligence community knew that there were li
u.s. ambassador susan rice hopes to put that controversy to rest. if she is successful, it would remove the largest political hurdle to her nomination as secretary of state. rice is meeting right now behind closed doors with three of her most vocal critics, republican senator john mccain, kelly ayotte and lindsey graham talking behind closed doors to discuss classified material. the acting director of the cia, mike morel, is helping her answer questions and will accompany her to other meetings...
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did after all just cut forecasts for u.s. growth next year from two point six percent to just two percent so is this a good thing all these consumers spending money or does it not do much since chances are many of the goods the shoppers shelled out for on sale weren't made in the u.s. here's what peter schiff had to say. consumption is the reward for economic growth it doesn't cause growth it's production it's because all this stuff was manufactured that we get to consume it and you're right most of the stuff that people bought on black friday or cyber monday was produced outside of the united states and so foreign economies generated those that production and they basically sold it to us so they're unfortunately we're having to borrow the money to pay for it but also i think if you look at some of the deals that were being offered i'm not even sure how much money a lot of the retailers actually earned because in order to get americans to buy stuff they really slashed prices to the point that make their money and sold some st
did after all just cut forecasts for u.s. growth next year from two point six percent to just two percent so is this a good thing all these consumers spending money or does it not do much since chances are many of the goods the shoppers shelled out for on sale weren't made in the u.s. here's what peter schiff had to say. consumption is the reward for economic growth it doesn't cause growth it's production it's because all this stuff was manufactured that we get to consume it and you're right...
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Nov 18, 2012
11/12
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CSPAN2
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in the u.s. we have and all the copy of garbage congress to try high price but i shall have to tell the government, all, we're in a tightly competitive market they tell the start market bashing stock market, we have this fixed. they know how to ration was the market. pushing competitors who don't want to raise prices to raise prices. now, how did we raise taxes in my neighborhood and cut prices? we have about eight different garbage companies every day a different smell the truck would come down the street but we could they refuse district if they went to competitive bid. we got the lowest price. one day a week, one truck every single house on the street. and my bill for garbage collecting went from around $600 a year in today's dollars, down to less than half of that. so although i pay higher taxes, i have more money in my pocket. paying higher taxes can make you richer. it depends on how the money is spent. he can make you poorer but it can also sometimes make you wealthy are. >> host: how cons
in the u.s. we have and all the copy of garbage congress to try high price but i shall have to tell the government, all, we're in a tightly competitive market they tell the start market bashing stock market, we have this fixed. they know how to ration was the market. pushing competitors who don't want to raise prices to raise prices. now, how did we raise taxes in my neighborhood and cut prices? we have about eight different garbage companies every day a different smell the truck would come...
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Nov 29, 2012
11/12
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CNBC
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we're very focused here in the u.s. on u.s. relations and trade with other countries, but trade is now happening, south-south trade, you have malaysia and new year's trading aggressively across the south region with brazil. i think the growth in the emerging world is not to be missed. but a good way to play it is through u.s. nationals. they can benefit from some incredible effect know logical things happens. 3-d printing is phenomenal. but you have technological advances that are going to allow countries as i said thailand, the philippines, indonesia, brazil continuing to develop their domestic economies. >> what do you say to a client or buddy who says your stock portfolio makes sense you may want to buy some art. >> if the orld's largest economies are weakening their -- so i think art and real estate in some areas does make sense. art starts to be an investment that isn't for everyone, right, because it's not super liquids and you have to really understand what you're buying. you can also get killed in those environments. >>
we're very focused here in the u.s. on u.s. relations and trade with other countries, but trade is now happening, south-south trade, you have malaysia and new year's trading aggressively across the south region with brazil. i think the growth in the emerging world is not to be missed. but a good way to play it is through u.s. nationals. they can benefit from some incredible effect know logical things happens. 3-d printing is phenomenal. but you have technological advances that are going to...
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Nov 11, 2012
11/12
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in france, you pay $38 u.s., and you get worldwide calling to 70 countries, not just the u.s. and canada you get worldwide television, not just domestic, and your internet is 20 times faster uploading and ten times faster downloading, and you're paying less than 25 cents on the dollar. all these other countries understand, fundamental principle in the 19th century, canals and railroads were the key to economic growth as industrialization came along and you had to move heavy things like steel. as the 20th century came along it was highways, interstate highway program, for example, and airports that were crucial to economic growth. now it's the information super highway. and what does the industry say? don't call it that. the rest of the world -- >> did they literally say that. >> guest: i was told by the pr person at verizon that was not used anymore. that's the only company that actually has fiberoptic to your home. at&t has fiberoptic down the street but not to your home. but the companies are not wiring the whole country they way these other countries are. universal access o
in france, you pay $38 u.s., and you get worldwide calling to 70 countries, not just the u.s. and canada you get worldwide television, not just domestic, and your internet is 20 times faster uploading and ten times faster downloading, and you're paying less than 25 cents on the dollar. all these other countries understand, fundamental principle in the 19th century, canals and railroads were the key to economic growth as industrialization came along and you had to move heavy things like steel....
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Nov 27, 2012
11/12
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>> europe has been sliding for some time and the u.s. actually is i would say strongest relative to where it was six months ago or nine months ago. the housing is coming back big time. >> rose: and the emerging nations? even brazil, they're all higher. >> yeah. but five years from now, ten years from now, the world every will be doing better, in my view. >> rose: because? >> just because capitalism and market systems work. it's been working since 1776 here and it wasn't because we had stimulus programs in 1794. it's because, you know, a system -- our system unleashes people's potential and we've got 312 million people that want to do better tomorrow than today and over time that works. human potential is still untapped to a big degree and our system does unleash it over time and we do it in fit and starts but this country goes forward and it will continue to go forward. the luckiest person in history on a probability basis, in my view, is the baby being born in the united states today. >> rose: more so than china? more so than places for
>> europe has been sliding for some time and the u.s. actually is i would say strongest relative to where it was six months ago or nine months ago. the housing is coming back big time. >> rose: and the emerging nations? even brazil, they're all higher. >> yeah. but five years from now, ten years from now, the world every will be doing better, in my view. >> rose: because? >> just because capitalism and market systems work. it's been working since 1776 here and it...
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Nov 26, 2012
11/12
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FBC
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we are delighted to be joined, now, by thedmiral james lyons, retired commander of the u.s. pacific fleet. it is always good to have you with us. thanks for being here. >> nice to be back with you, lou. >> lou: let's turn, to first, the talking points. which, it seems that no one after general petraeus made it clear there had been changes in those talking points, the testimony before congress has been surveyed, and congressman mike rogers, the chair of the house intelligence committee, said, it has to be the white house, because everybody else has testified that they didn't. do you agree? >> i agree. and, in that deputy's committee i'm hurry the white house representative and the national security, from the national security agency, council, had his marching orders. >> lou: his marching orders and petraeus for his part says part of the confusion here, that is primarily, i believe, it is safe to say the confusion between the testimony he gave to congress, three days after september 11th, and what he said over the past few days, to congress, represents what happens when you tr
we are delighted to be joined, now, by thedmiral james lyons, retired commander of the u.s. pacific fleet. it is always good to have you with us. thanks for being here. >> nice to be back with you, lou. >> lou: let's turn, to first, the talking points. which, it seems that no one after general petraeus made it clear there had been changes in those talking points, the testimony before congress has been surveyed, and congressman mike rogers, the chair of the house intelligence...
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Nov 17, 2012
11/12
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FOXNEWSW
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and get u.s. dollars. >> sean: let me ask you this, i have been saying, i believe we are going to look back in history and refer to this a time of the radical islamist. we know what happened with the arab spring in egypt. muslim brotherhood's in charge. we see what happened in libya. we don't know what will unfold in syria, on top of that is correct i would argue that jordan has been weakened as well. and they are probably ripe for takeover am we see the influence of iran all throughout the region. am i correct? would this be an accurate description isn't rise of the radical islamists? >> i think you are absolutely correct. i would call it not the arab spring, i would call at this time arab winter. look at what is happening now. being sent into israel for from iran. they are shipped into the peninsula and into gaza and using it against israel. so iran is the co-evil in the region. we see what they are doing in the south, in lebanon and we would have to do with -- to deal with them eventually. now
and get u.s. dollars. >> sean: let me ask you this, i have been saying, i believe we are going to look back in history and refer to this a time of the radical islamist. we know what happened with the arab spring in egypt. muslim brotherhood's in charge. we see what happened in libya. we don't know what will unfold in syria, on top of that is correct i would argue that jordan has been weakened as well. and they are probably ripe for takeover am we see the influence of iran all throughout...